Lockheed Martin increase share buyback authorization by $3.0 billion

Defense contractor Lockheed Martin Corp.
LMT, -0.13%
said Thursday its board has approved an increase to its share buyback authorization of $3.0 billion. Shares rose 0.6% in afternoon trade, and are up 6% in the year so far, while the S&P 500 has lost 7%.

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